BTC/EUR is seen trading slightly above on Thursday. The pair has slightly declined after making a high of 584.06 yesterday (COINBASE). It is currently trading around 581.77 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 563.85

Kijun-Sen level: 555

Trend reversal level - (100 days MA) – 552.60

Long-term trend remains to be bullish. In the daily chart, the pair has taken support near 574 (3-day EMA) and slightly recovered from that level. So slight weakness can be seen below that level.

Major resistance is around 584 (trend line joining 546.20 and 562.30) and any violation above will take the pair till 607 (61.8% retracement of 698 and 434.78). Short-term support is seen at 574 (3- day EMA) and any break below targets 563 (daily Tenken-Sen)/549.96 (21- day MA).